Centaur Media plc, the business information, events and media group, has conditionally agreed to sell Perfect Information Limited, a provider of corporate finance and capital markets documents, to Mergermarket Limited for an enterprise value of £26m.

In addition, Centaur has conditionally agreed to the early settlement of the earn-out entitlement of the former shareholders of E-consultancy.com Limited for £12.5m in cash.

Econsultancy is a subscription and events-led information provider to global digital marketing and e-commerce community. Fusion managed the sale of Econsultancy to Centaur in July 2012. Centaur paid an initial cash consideration of £12m with deferred performance based consideration of up to £38m due in 2016

Andria Vidler, CEO of Centaur, said: “Our strategy is to focus on our core markets and leverage the strengths of our businesses to provide audiences and customers with the benefits of expertise and synergies around content, insight, and digital technology. Perfect Information is an excellent data business but it does not fit with the rest of the business and has only a limited opportunity to grow under Centaur’s ownership. The funds raised will strengthen our balance sheet and provide additional capacity for investment in other portfolios across the Group. The immediate investment into the Econsultancy settlement enables us to fully integrate our marketing portfolio, the largest part of the group, and by working together more effectively, we are able to further accelerate growth across this portfolio.”

Fusion DigiNet, the M&A database.

Fusion DigiNet is brought to you by “Fusion Corporate Partners” the sector specialist corporate finance advisory firm specialising in the sale of middle-market companies with transactional values ranging from £5 million to £100 million.